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Aegion Corporation, STS form JV

Fri, 13 April 2012

By A Staff Reporter — MUSCAT — Aegion Corporation, a US based global leader in infrastructure protection, announced yesterday the establishment of a joint venture between United Pipeline Systems, Inc, an Aegion subsidiary, and Special Technical Services LLC (STS) based in Oman. United Pipeline System, Inc is a 51 per cent owner in the joint venture, with STS holding the remaining interest.

The new joint venture, United Special Technical Services, LLC (USTS), is established in Oman and will provide pipeline, piping and flow line high-density polyethylene lining services throughout a territory that includes Algeria, Bahrain, Egypt, Saudi Arabia, Kuwait, Oman, Qatar, Tunisia and the United Arab Emirates.
Dorwin Hawn, Senior Vice President of Aegion’s Energy & Mining group, said, “This joint venture is an exciting opportunity for United Pipeline Systems to accelerate its expansion into key markets within the Middle East.
STS has strong relationships and projects within these regions that fit well with our existing customers and backlog of projects. We believe this partnership gives us the best opportunity to accelerate the introduction of our Tite Liner technology throughout this important region.”
Basil Macki, Managing Director of STS, said, “It is STS’s objective to keep pace with the latest developments in technology and delivery processes within the oil and gas industry. Our venture with United Pipeline Systems is aimed at combining our two companies’ best practices to better serve clients with leading technologies for corrosion and abrasion protection in pipes at competitive rates.”
Aegion Corporation provides proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of sewer, water, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.